Tag
Legal Proceedings
5 articles
Legal and financial challenges are mounting for several Indian companies, raising concerns about their stability and future prospects. Praxis Home Retail faces material uncertainty regarding its going concern due to a net loss and negative net worth, compounded by ongoing legal disputes and an IBC notice. Simultaneously, Future Market Networks reported a substantial profit decline and disclosed significant contingent liabilities linked to corporate guarantees, while also navigating legal battles with Yes Bank and JC Flowers. These developments, alongside tax demands for Anuh Pharma and the dismissal of a writ petition for Bhagaban Mahapatra, highlight increased regulatory and legal risks for Indian businesses, potentially impacting investor confidence and requiring careful monitoring of corporate governance and financial health.
Supreme Court Notices Naidu Hotel Tax Appeal
On 1 Oct 2026, Supreme Court heard SLP by Superintendent of Central Tax against M/s Naidu Hotel concerning a tax judgment.
Petition seeks condonation of delay in filing IA No. 287981/2026 and exemptio
Oriental Insurance Liability, Awards Up to Rs 9.9 mn
High Court and Supreme Court reviewed 79 appeals stemming from the 2012 Himachal bus crash that killed 53 people.
The courts affirmed Oriental Insurance’s liability for the 42‑44 covered passengers an
National Insurance Compensation Doubled to Rs 53 Lakh
Court ruled claim survives claimant’s death under Motor Vehicles Act s.166(5), allowing father to continue proceedings.
Court found tribunal’s award of Rs 27.22 lakh inadequate and ordered revised co
Praxis Home Retail Q1 FY27 Net Loss ₹11.06 Crore
Praxis Home Retail submitted unaudited Q1 FY27 results to NSE, reporting a net loss of ₹11.06 crore and negative net worth of ₹88.18 crore.
Auditor's review highlights material uncertainty over going
Future Market Networks FY26 Profit Declines 88%
Future Market Networks reported an 88% YoY decline in consolidated net profit to ₹7.64 crore with revenue decreasing 2.4% to ₹98.54 crore for FY26.
The company disclosed significant contingent liabili